LMG Developments Limited

	Page
Abridged Balance Sheet	1
Notes to the Abridged Financial Statements	2

Registered number: NI617940

		2024		2023
	Notes	£	£	£	£
CURRENT ASSETS
Debtors	4	-		10,574
Cash at bank and in hand		100		78,169

		100		88,743
Creditors: Amounts Falling Due Within One Year		-		(70,452 )

NET CURRENT ASSETS (LIABILITIES)			100		18,291

TOTAL ASSETS LESS CURRENT LIABILITIES			100		18,291

NET ASSETS			100		18,291

CAPITAL AND RESERVES
Called up share capital	5		100		100
Profit and Loss Account			-		18,191

SHAREHOLDERS' FUNDS			100		18,291

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 31 December 2024 in accordance with section 444(2A) of the Companies Act 2006.

On behalf of the board

Mr Ashley Elliott

Director

30/09/2025

The notes on page 2 form part of these financial statements.

1. General Information

LMG Developments Limited is a private company, limited by shares, incorporated in Northern Ireland, registered number NI617940 . The registered office is 19 Church Road, Portadown, Co. Armagh, BT63 5HT.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

3. Average Number of Employees

Average number of employees, including directors, during the year was: NIL (2023: NIL)

4. Debtors

	2024	2023
	£	£
Due after more than one year

5. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	100	100

6. Ultimate Controlling Party

Hilmark Limited has a 100% shareholding in the company. Pincap Limited, a company incorporated in Isle of Man, is considered the ultimate controlling party by way of 100% shareholding in Hilmark. Group accounts are not publicly available.

7. Audit Information

The auditor's report on the accounts of LMG Developments Limited for the year ended 31 December 2024 was unqualified.

The auditor's report was signed by James Robinson (Senior Statutory Auditor) for and on behalf of WHR Accountants Ltd , Statutory Auditor.

WHR Accountants Ltd

Chartered Certified Accountants

56 Upper English Street

Armagh

Co. Armagh

BT61 7LG

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